WAEC - Commerce (2011 - No. 21)
In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is
particular average loss
general average loss
total average loss
constructive average loss
Explicació
General Average Losses — maritime partial losses sustained from voluntary sacrifice, such as jettisoning part of the cargo, to save the ship or crew, or from extraordinary expenses incurred by one of the parties for everyone's benefit, such as the cost to tow a disabled vessel.